Payz (formerly known as EcoPayz) is an e-wallet, a popular payment method used at online betting sites to fund all sorts of bets on esports, sports, casinos, and more. If you’re using Payz as a payment method, you’ll be able to make deposits and withdrawals safely on numerous betting sites.
In this article, you will learn about using Payz at the best Payz sports betting sites. We will also discuss its advantages and disadvantages so that you will have all the information about it before you plan to use it for your next bet. We’ll show you how Payz works, how you can use it for betting deposits and withdrawals, and reveal the pros and cons of this payment method—all you need to make the most of the many betting sites that use Payz.
How to Start Using Payz at the Best Online Betting Sites
Here’s a step-by-step guide for what you need to do:
- Set up a Payz Account and be registered with the betting site.
- Have funds in your account.
- Go to the betting site, and log in to your account.
- Go to the ‘Deposit’ section and choose Payz as the payment method.
- Insert the amount you wish to deposit from your account.
- Then insert your username and password and press the “Next” or “Submit” button.
- You can now start betting with your funds
Advantages of Using the Best Payz Betting Sites
Payz has found a home on many esports betting platforms, and a growing number of gamers is using it.
Here are the key reasons why this e-wallet is so good for esports betting:
Speedy Payments
Payz is easily one of the fastest betting payment methods. Not only does it allow you to make virtually instant deposits at sports betting sites, but its withdrawals are seriously fast too. Payz withdrawals will usually be processed within 48 hours, which is much better than the several working days taken by betting sites that accept bank transfer payments.
Security
Payz maintains that it uses the latest technology and security systems through a process called ‘Safeguarding’, which essentially means that your payments will be safe. Plus, there is something nice about being able to keep your betting funds separate from your regular card or bank account.
Decent Limits
We found that our decision to use Payz sports betting sites didn’t hurt how much we could deposit or withdraw. While the maximum limits for withdrawals might not have been as much as some cards or e-wallets, you’ll find some of the lowest minimum deposits around with this e-wallet.
Global Reach
Payz allows you to make your online payments in over 50 currencies, and this could dramatically open up the range of Payz betting sites available to you. Just remember to only play at those betting sites that are licensed and regulated in your location.
Convenience
Offshore sportsbooks that use Payz are great fun because you can make your deposits in just a few moments. You won’t have to enter any long and potentially sensitive financial information, but can simply authorize your payment with the minimum of fuss. The Payz app offers you an even more streamlined way to manage your betting deposits and withdrawals.
Limitations of Playing at Betting Sites that Accept Payz
So if Payz is so good, why isn’t everyone using this e-wallet? Here are a few disadvantages of using this payment method:
Limited Availability
While there are quite a few Payz betting sites, the payment method still has some way to go before it is as widely available as something like a Mastercard sportsbook. As such, your decision to use Payz could limit the quantity and quality of esports betting odds at your disposal.
Limited Access to Bonuses
It’s important to remember that many betting bonuses cannot be claimed if you make your deposits with e-wallets such as EcoPayz. As a result, it’s always a good idea to read through the terms and conditions of these deals to ensure that your Payz deposit qualifies.
What is Payz?
Payz is an e-wallet that you use to make payments online. How it works is that you get a Payz account and then fund it via a bank transfer or a credit or debit card. Now you can make a payment directly from your Payz account to the betting site.
These funds can then be used for esports betting. If you manage to make some wins, you will then be able to make a withdrawal back to your Payz account and then withdraw these funds back to your regular bank account.
In a blog post titled ‘Welcome to the future’ in March 2023, EcoPayz announced that it had changed its name to Payz – ‘a simple, modern and transparent brand.’
Conclusion
By now you have seen that there are many advantages to using the best Payz esports betting sites. After all, this is one of the fastest betting sites’ payment methods, and it’s also seriously secure and convenient too.
Of course, there aren’t massive numbers of esports betting sites that use Payz, so you could find that your choice of Esports odds is limited if you are determined to use this payment method. But on the whole, you’ll understand that this e-wallet is a great choice so it could be worth playing at one of our recommended Payz betting sites and seeing what you could win.
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Header image: Payz
